Muscat: As part of the Manar Alizz initiative, Alizz Islamic Bank, represented by the Shari’a Compliance and Audit Department and the Learning and Development Department, hosted a 3-day program for a group of students from the College of Law of Sultan Qaboos University in addition to the trainees of the second edition of the ‘Manahil Alizz’ Programme to learn about ‘Islamic Banks and Investment According to ESG Standards’

This is part of a larger program to spread awareness about Islamic Banking and its developmental role, while highlighting the role of Islamic banks in driving sustainable economy and providing researchers and scholars with important knowledge on Islamic economy in general and the Omani experience in this sector.

During the visit, Mr. Issa bin Salim Al Riyami, Head of Shari’a Compliance and Audit Department at Alizz Islamic Bank and other representatives from the Shari’a Compliance & Audit Department delivered presentations to highlight key differentiators between conventional and Islamic banking. Al Riyami further elaborated on the strategic objectives of the ‘Manar Alizz’ initiative, which has been designed to attract international researchers and scholars to get an idea about the Omani experience on Islamic banking, educate members of the society about Islamic banking products, encourage banking innovation, and enable the bank’s experts to generate and share knowledge in their various fields of expertise. He explained that knowledge is the most valuable intangible asset that Alizz Islamic Bank is keen to develop through this initiative, acknowledging its vital importance in the world of finance and business as a platform to drive and build sustainable partnership. The students commended the role Alizz Islamic Bank plays towards reinforcing collaboration and solidarity in the community. 

Speaking about the 3-day Program Issa bin Salim Al Riyami, Head of Shari’a Compliance & Audit Department at Alizz Islamic Bank said “By devising innovative approaches and initiatives like ‘Manar Alizz’ we make sure to benefit the society and fulfill the mission of Islamic banking. We believe in giving back, which will not only bring about positive change in the communities in which we live and work, but will have more far reaching impact to enable individuals and businesses to thrive”.